NVA 2.70% 19.0¢ nova minerals limited

Ann: Thompson Brothers Lithium Project Update, page-27

  1. 75 Posts.
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    Seeing Snow Lake Resources is a separate entity, when the cash flow starts, that cash will only be used for SLR? Am I lost in space, missing something with this spinoff? Usually existing shareholders of the company get shares in the spinoff company. " When a company is spun off, it can be listed and set up for an IPO on the public market as a standalone enterprise. Investors would then own shares in the parent company as well as a proportional amount of shares in the new standalone company."
 
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